IP-9-2009 (August 2009)
Author: Barry Poulson
PDF of full Issue Paper
Sribd version of full Issue Paper
Executive Summary:
The Public Employees Retirement System (PERA) in Colorado is experiencing a funding crisis. The recent collapse of financial markets has resulted in a significant decrease in the value of the PERA portfolio. But the funding crisis in PERA is not just the result of problems in financial markets.

[...] Colorado’s own Public Employees’ Retirement Association went the risky route and chose a whopping 8% rate of return. Such a hopeful outlook has been a point of debate for quite some time now. Barry Poulson discussed PERA’s extremely hopeful rate of return at length in this Independence Institute Issue Paper, PERA Falls Off a Cliff. [...]
[...] Colorado’s own Public Employees’ Retirement Association went the risky route and chose a whopping 8% rate of return. Such a hopeful outlook has been a point of debate for quite some time now. Barry Poulson discussed PERA’s extremely hopeful rate of return at length in this Independence Institute Issue Paper, PERA Falls Off a Cliff. [...]